why is there such a big difference between my gross and net pay

yes, it’s true ! you work your butt off and when you get your pay slip you discover that someone else has "latched on" to your pay check !

and i don’t mean your spouse !

the Israeli government seems to think that all the citizens are it’s slaves and therefore they act like an employment agency, in a way.

anyone who’s ever worked for an employment agency, especially before the law was changed several years ago, knows what I mean.

you pay income tax and health insurance (which doesn’t give you any health insurance – you still need to pay kaput cholim) and national insurance (bituach leumi = social security).

it makes you wonder when this adds up to quite a substantial sum, sometimes reaching over 50% of the gross pay and benefits !

 

Moshe Egel-Tal, CSPP
Founder and CEO, Israpay   "making payroll simple"

 Sitehttp://www.israpay.com
 Email:  mo***********@***il.com

Skype: motal7

Snail Mail:  p.o. box 44429 Jerusalem, Israel 91443

 Follow me on social networks: Facebook, xing, twitter, Plaxo, FriendFeed, LinkedIn, Digg, Tagfoot, Myspace    Username: Israpay

Published by motal7

Israpay was founded in 2009 with the goal of helping Anglos better understand Israeli labor laws. Whether you are an employer or an employee it is imperitive that you understand what employee's rights are. If you are an employer this will help you avoid possible lawsuits in the future and/or legal sanctions by the Ministry of Industry, Trade and Employment's Administration of Enforcement and Regulation dept. If you are an employee, it is imperitive that you know what your rights are and how to read your payslip. Israpay has vast experience in setting up and implementing payroll departments and procedures for companies to suit their needs. private consultation is available to both employees and employers.

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